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So-a/ <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />September 13, 2002 `~ <br />Mr. Howard C. Wigert <br />Vice Preside <br />The Home State Bank / <br />935 No. Cleveland Ave. <br />Loveland, CO 80537 <br />DIVISION OF <br />MINERALS <br />GEOLOGY <br />RECLAMATION <br />MINING•SAFETY <br />Bill Owens <br />Governor <br />Greg E. Walther <br />Executive Director <br />Ronald W. Cottony <br />/ ~ / Aamg Division Diieuo~ <br />Re: Standby Letter off' Credit No. 428, Succession of Operators Application, Russell Grav/el Pit, Permit <br />No. M-1994-096 / <br />Dear Mr. Wigert: <br />The Division of Minerals and Geology is returning to you Standby Letter of Credit No. 428, which was issued on <br />behalf of Robert C. and Helen L. Pittington, for the Russell Gravel Pit, Permit No. M-1994-096. The Division <br />cannot accept Standby Letter of Credit No. 428 for the following reasons: <br />1. The Home State Bank must submit Standby Letter of Credit No. 428, on Bank letterhead, using <br />the exact approved language folmd in the ILOC form drat is on Division stationary enclosed. <br />Please see the notes section on the bottom of page 2 of the sample ILOC form. The Division <br />cannot accept any other language or changes to the approved language contained in the II.,OC <br />form. <br />2. The Bank also needs to provide a balance sheet certified by a Certified Public Accountant or <br />your most recent Call Report. You may submit a copy of your most recent Federal Financial <br />Institutions Examination Council "Consolidated Reports of Condition...". Please see the notes <br />section on the bottom of page 2 of the ILOC form. <br />You will need to talk to Ms. Pittutgton pertaining to the "Operator Name" that she plans to use for the permit <br />transfer. The Operator Name, Operation Name, and the Permit Number on ALL documents must be consistent <br />and accxuate. All of the documents that Ms. Pittington submitted to the Division have been returned to her. <br />Please seethe enclosed letter. <br />1f you have any questions, please do no[ hesitate to contact me at (303} 866-4074. <br />Since_rel/y,_ <br />~l ~Z1lAQ/~~ <br /> <br />Barbara D. Chiappone <br />Minerals Division Program Assistant II <br />Enclosures <br />CERTIFIED MAIL NO.7099 3400 0015 1443 6880 <br />Return Receipt Requested <br />Ca Helen L. Pittington, High Plains Sand and Gravel, LLC <br />